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9689$0.6456

JTF International Holdings Ltd

Oil & Gas Refining and MarketingVerified
Score breakdown
Valuation+25Sentiment+27Missing signals-2
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations3

JTF International Holdings Ltd has a market capitalization of 595.2 million CNY and a price-to-book ratio of 1.44, indicating a relatively modest premium to its book value. The company's liquidity position is characterized by a current ratio of 2.2, suggesting it has sufficient short-term assets to cover its liabilities. However, the company reported a net loss of 10.5 million CNY and an operating loss of 12.8 million CNY, which indicates a challenging operating environment [doc:HA-latest]. The company's return on equity (ROE) is -2.54%, and its return on assets (ROA) is -1.34%, both of which are negative and significantly below the industry median for profitability metrics. This suggests that the company is not generating returns that meet the cost of capital or the expectations of its stakeholders [doc:HA-latest]. JTF International Holdings Ltd's revenue is primarily concentrated in the China market, with operations focused on the wholesale of refined oil, fuel oil, and other petrochemical products. The company's business is not segmented into distinct geographic regions or product lines in the provided data, but its operations are described as being primarily in China [doc:HA-latest]. The company's growth trajectory is uncertain, as it reported a net loss in the latest period. There are no specific numeric deltas provided for the current or next fiscal year, but the negative net income suggests a lack of growth in the most recent period [doc:HA-latest]. The risk assessment for JTF International Holdings Ltd indicates low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's debt-to-equity ratio is 0.01, indicating a conservative capital structure with minimal long-term debt. The absence of dilution risk is supported by the fact that the number of shares outstanding has not changed between basic and diluted shares [doc:HA-latest]. There are no recent events or filings mentioned in the provided data that would indicate significant changes in the company's operations or financial position. The company's financial performance and risk profile suggest a stable but unprofitable business model [doc:HA-latest].

30-day price · 9689-0.06 (-8.6%)
Low$0.60High$0.80Close$0.64As of6 May, 00:00 UTC
Profile
CompanyJTF International Holdings Ltd
Ticker9689.HK
SectorEnergy
BusinessEnergy - Fossil Fuels
Industry groupEnergy - Fossil Fuels
IndustryOil & Gas Refining and Marketing
AI analysis

Business. JTF International Holdings Ltd is an investment holding company engaged in the wholesale of refined oil, fuel oil, and other petrochemical products, primarily operating in the China market [doc:HA-latest].

Classification. JTF International Holdings Ltd is classified under the Energy - Fossil Fuels business sector, with a confidence level of 0.92, and operates in the Oil & Gas Refining and Marketing industry [doc:verified market data].

JTF International Holdings Ltd has a market capitalization of 595.2 million CNY and a price-to-book ratio of 1.44, indicating a relatively modest premium to its book value. The company's liquidity position is characterized by a current ratio of 2.2, suggesting it has sufficient short-term assets to cover its liabilities. However, the company reported a net loss of 10.5 million CNY and an operating loss of 12.8 million CNY, which indicates a challenging operating environment [doc:HA-latest]. The company's return on equity (ROE) is -2.54%, and its return on assets (ROA) is -1.34%, both of which are negative and significantly below the industry median for profitability metrics. This suggests that the company is not generating returns that meet the cost of capital or the expectations of its stakeholders [doc:HA-latest]. JTF International Holdings Ltd's revenue is primarily concentrated in the China market, with operations focused on the wholesale of refined oil, fuel oil, and other petrochemical products. The company's business is not segmented into distinct geographic regions or product lines in the provided data, but its operations are described as being primarily in China [doc:HA-latest]. The company's growth trajectory is uncertain, as it reported a net loss in the latest period. There are no specific numeric deltas provided for the current or next fiscal year, but the negative net income suggests a lack of growth in the most recent period [doc:HA-latest]. The risk assessment for JTF International Holdings Ltd indicates low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's debt-to-equity ratio is 0.01, indicating a conservative capital structure with minimal long-term debt. The absence of dilution risk is supported by the fact that the number of shares outstanding has not changed between basic and diluted shares [doc:HA-latest]. There are no recent events or filings mentioned in the provided data that would indicate significant changes in the company's operations or financial position. The company's financial performance and risk profile suggest a stable but unprofitable business model [doc:HA-latest].
Key takeaways
  • JTF International Holdings Ltd is a wholesale distributor of refined oil and petrochemical products in China.
  • The company is currently unprofitable, with a negative ROE and ROA.
  • The company's liquidity position is stable, with a current ratio of 2.2.
  • The company has a low debt-to-equity ratio, indicating a conservative capital structure.
  • There are no immediate liquidity or dilution risks identified.
  • --
  • ## RATIONALES
  • ```json
Financial snapshot
PeriodHA-latest
CurrencyCNY
Revenue$1.19B
Gross profit$19.3M
Operating income-$12.8M
Net income-$10.5M
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets$783.7M
Total liabilities$371.5M
Total equity$412.2M
Cash & equivalents$31.9M
Long-term debt$3.6M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0
FY-1
FY-2
FY-3
FY-4
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0
FY-1
FY-2
FY-3
FY-4
PeriodOCFCapExFCFSBC
FY0
FY-1
FY-2
FY-3
FY-4
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
Valuation
Market price$0.64
Market cap$595.2M
Enterprise value$566.9M
P/E
Reported non-GAAP P/E
EV/Revenue0.5
EV/Op income
EV/OCF
P/B1.4
P/Tangible book1.4
Tangible book$412.2M
Net cash$28.3M
Current ratio2.2
Debt/Equity0.0
ROA-1.3%
ROE-2.5%
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Oil & Gas · cohort 184 companies
Metric9689Activity
Op margin-1.1%15.4% medp25 -3260.6% · p75 43.2%below median
Net margin-0.9%24.1% medp25 -1.6% · p75 41.0%below median
Gross margin1.6%20.0% medp25 5.5% · p75 48.5%bottom quartile
R&D / revenue2.5% medp25 2.5% · p75 2.5%
CapEx / revenue-14.7% medp25 -50.8% · p75 -1.4%
Debt / equity1.0%37.1% medp25 26.9% · p75 69.5%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 20:04 UTC#f414ee42
Market quoteclose CNY 0.64 · shares 0.93B diluted
no public URL
2026-05-05 20:04 UTC#fb257520
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 20:06 UTCJob: e6303429